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<BODY><FONT size=2 face="Arial, Helvetica, sans-serif"><STRONG>Rail: Value for Money</STRONG> <BR><I>Investment, Efficiency and Reform</I> <BR>17 November 2011 <BR>The Barbican, London <BR><BR>It seems for the railway industry it is both the best of times and it is the worst of times. On the one hand key projects and significant investment have been ring fenced to help ensure our railways are fit for the 21st Century. On the other hand industry reforms, relentless efficiency drives and customer dismay present a real challenge for rail transport. <BR><BR>Sir Roy McNulty's Value for Money report aims to drive down costs and release potential savings of £600-£1,000m per annum, without cutting services, by 2019. This target will be met by getting Network Rail and train operators to work together more efficiently, aligning incentives and working more closely at a local level. The rail industry's high cost base currently makes it one of the most expensive in Europe and the report indicates that there is scope to significantly reduce costs. The Office of Rail Regulation reported that the efficiency gap between Network Rail and the rest of Europe was thirty four to forty per cent.<BR><BR><B>Join us at Rail: Value for Money - Investment, Efficiency and Reform </B>to listen to industry experts, debate key policies and projects, and explore how to improve our railways.<BR><BR><A href="http://www.p-s-event.co.uk/linktrack.aspx?adminId=31C5ED81F145D518&subscriberID=93AE571F6F24A757&newsletterID=89BC4A567F9D58D0&campaignID=82EA1BB224D83BBF&bulkID=541BE46C7026BDAB&listID=647953F6FDA3EE4B&openRate=736CF125D99EB7BE&url=http://www.publicserviceevents.co.uk/overview/181/rail:-value-for-money">Read more...</A><BR><BR><A href="http://www.p-s-event.co.uk/linktrack.aspx?adminId=31C5ED81F145D518&subscriberID=93AE571F6F24A757&newsletterID=89BC4A567F9D58D0&campaignID=82EA1BB224D83BBF&bulkID=541BE46C7026BDAB&listID=647953F6FDA3EE4B&openRate=736CF125D99EB7BE&url=http://www.cvent.com/d/6cqnf0/1Q">Register to attend here</A> using Marketing Code SYS5<BR><BR><B>Confirmed Speakers Include:</B><BR><BR>Sir Roy McNulty, Chairman, Rail Value for Money Study<BR>Anna Walker, Chair of the Office of Rail Regulation<BR>Tom Smith, Chairman of the Association of Train Operating Companies<BR>Anthony Smith, Chief Executive, Passenger Focus<BR>Alexandra Woodsworth, Public Transport Campaigner, Campaign for Better Transport<BR>Edward Welsh, Director of Corporate Affairs, ATOC<BR>Paul Clifton, Transport Correspondent, BBC South <BR><BR><BR>Further details of the programme can be found <A href="http://www.p-s-event.co.uk/linktrack.aspx?adminId=31C5ED81F145D518&subscriberID=93AE571F6F24A757&newsletterID=89BC4A567F9D58D0&campaignID=82EA1BB224D83BBF&bulkID=541BE46C7026BDAB&listID=647953F6FDA3EE4B&openRate=736CF125D99EB7BE&url=http://www.publicserviceevents.co.uk/programme/181/rail:-value-for-money">online</A><BR><BR><B>Places are limited to 100 and are awarded on a first come, first served basis</B><BR><BR>If you are unable to attend, please feel free to forward details of this event to a colleague.<BR><BR><BR>If you wish to register your interest in exhibiting or delivering a workshop, you can submit your contact details <A href="http://www.p-s-event.co.uk/linktrack.aspx?adminId=31C5ED81F145D518&subscriberID=93AE571F6F24A757&newsletterID=89BC4A567F9D58D0&campaignID=82EA1BB224D83BBF&bulkID=541BE46C7026BDAB&listID=647953F6FDA3EE4B&openRate=736CF125D99EB7BE&url=http://www.publicserviceevents.co.uk/register/181/rail:-value-for-money">online</A> and one of our advisors will be in touch shortly.<BR><BR>If you have any further queries, please don't hesitate to contact me directly. <BR><BR><STRONG>Add @p-s-event.co.uk to your safe senders list</STRONG> <BR><BR>Matthew Garner<BR>mgarner@p-s-event.co.uk<BR>Marketing Executive<BR><BR>PS Events<BR>City Wharf<BR>New Bailey Street<BR>Manchester, M3 5ER<BR><BR>Tel: 0161 831 7111<BR>Fax: 0161 832 7396<BR><BR>Registered in England<BR>Co. 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